Associated British Foods Share Discussion Threads

[essentialinvestor] 07/12/2018 17:12

Decided to hold off until next week, looking for
Under 22. In fairness that may be a mistake ).

[mozy123] 07/12/2018 16:22

The US expansion looks cautious, but should light a fire under the share price in coming years.

[essentialinvestor] 07/12/2018 15:41

Thanks Phil.

[philanderer] 07/12/2018 14:59

Afternoon EI, quite surprised by the market reaction . Plenty of retail surveys have been pointing at the tough trading on the uk high street. I think many are missing the stronger european trading.

Happy to hold :-)

Some broker comment here:

[essentialinvestor] 07/12/2018 14:17

Phil, any view? Thanks.

[essentialinvestor] 07/12/2018 12:56

On PE terms the multiple is lower than it's been in many a moon.
Much of ABF's past multiple expansion has been driven by Primark growth,
and Primark future growth prospects.

Slower future growth on their UK stores may be in the price.
What is not in the price is if L4L start to turn negative.

[philanderer] 07/12/2018 12:53

Oh dear :-S

[tlobs2] 07/12/2018 11:00

It is certainly contrary to all the price targets from various brokers recently ....

[essentialinvestor] 07/12/2018 10:31

Nothing strange about the reaction, we are just back to the ..has Primark
gone ex growth in the UK debate.

[tlobs2] 07/12/2018 10:22

Not sure about the logic of the depressed share price falling further on the news that the profits will be in line with previous predictions !

The Worlds gone mad :-)

[philanderer] 07/12/2018 09:15

Ah, got it :-)

"At the other end of the large cap index, Associated British Foods was the worst performer, down 2.6% after the company said trading at its Primark clothing chain was challenging during November in a tough retail market.

However, with "careful inventory management and improved margins" the company's expectation for an increase in Primark's profit remains unchanged.

The company, which is holding its annual general meeting on Friday, said profit at its sugar unit AB Sugar will be significantly lower "reflecting the full-year effect of EU sugar prices".

In addition, AB Foods said sales and profit for the first eight weeks of trading in its current financial year were in line with expectations."

[philanderer] 07/12/2018 09:11

So why is this fella not joining in this morning . Primark , sugar ?????

Liberum reiterating 'buy' today

[philanderer] 30/11/2018 09:14

Primark triumphed at the Drapers Awards 2018, picking up two awards for Fashion Retail Business of the Year (£500m+ turnover) and Best Use of Influencer Marketing for its Alice Liveing Workout Collection.

Judges said Primark was “simply spot on” and had “excellent stores, a clear marketing strategy and a product offering that is perfect for its customer base”.

[philanderer] 29/11/2018 00:01

Market report..

High Street favourite Marks & Spencer is no longer flavour of the month with City analysts.

...RBC now sees more potential in Primark’s owner Associated British Foods, Next and Zara’s Spanish parent Inditex.

[philanderer] 27/11/2018 13:47

Fast fashion: 'How do you justify selling a £2 T-shirt?'

[philanderer] 26/11/2018 10:11

26th nov Jefferies buy tp 2900p up from 2800p

[philanderer] 18/11/2018 23:56

Telegraph:

Questor: it’s true – Primark is well placed to succeed in the US, so Associated British Foods is a ‘buy’

[philanderer] 15/11/2018 18:13

Market report..

Data out mid-morning from the Office National Statistics was almost overlooked, even though it surprisingly showed retail sales dropping 0.5% last month versus expectations for a 0.2% increase, though September's decline was revised up to 0.4% from 0.8%.

[queen gibbs] 14/11/2018 13:14

Dreaming about you

[tlobs2] 14/11/2018 12:57

Blimey old Queen, ten to eleven on a Tuesday evening and you have nothing better to do than post on here......

You must have a face like a blind cobblers thumb :-)

[queen gibbs] 13/11/2018 22:50

Settle for 2700p?
Clueless

[philanderer] 12/11/2018 10:06

12th nov RBC 'outperform' tp 2900p up from 2700p

[skinny] 10/11/2018 10:33

An update on the chart in post 1782.

[tlobs2] 08/11/2018 08:22

This is looking very positive again today.

Who would have thought it when others were predicting doom and gloom. Perhaps the directors at Primark and ABF know a bit more about retail than the self proclaimed experts on this bulletin board :-)

I'd settle for 2700p at close of play today :-)

[skinny] 07/11/2018 14:05

200 ma breached and that gap beckons.